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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (217533)	2/4/2005 11:55:55 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 1572963

Hi Tim, Re: Less than 81.1 % federal spending over that time frame went to defense I agree. But there's more.... There seems to be a typographical error regarding the calculation of the interest. It seems that the article should have read "41.x%". Here's why: In FY 2002, the interest on the national debt amounted to $332 Billion. Source: publicdebt.treas.gov Thus, if we divide the figure attributed to war costs by the total interest payment we have: 138/332 = .416 or about 41% of the debt attributed to war profiteering and related corruption. *** I congratulate you on your ability to concentrate and on your close reading of the text. But I believe that Mr. Higgs is basically correct, conceptually, while being in need of a better editor/fact-checker. :) Cheerio!